CHF/NOK - 1H - Technical analysis published on 04/20/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 10.7292 NOK
My targets
10.6781 NOK (-0.0421)
10.5309 NOK (-0.1893)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 10.7292 NOK remains possible. It is advisable to trade CHF/NOK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 10.7292 NOK. The next bearish objective for sellers is set at 10.6781 NOK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10.5309 NOK. In case of crossing, the next objective would be the support located at 10.4738 NOK. PS: if there is a bullish break in the resistance located at 10.7292 NOK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
0.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/NOK price is 10.7202 NOK. The price registered an increase of +0.35% on the session and was between 10.6335 NOK and 10.7859 NOK. This implies that the price is at +0.82% from its lowest and at -0.61% from its highest.10.6335
10.7859
10.7202
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/NOK indicates that the overall trend is bearish. The signals given by moving averages are 67.86% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.4738 | 10.5309 | 10.6781 | 10.7202 | 10.8133 | 10.9614 | 11.9241 |
| Change (%) | -2.30% | -1.77% | -0.39% | - | +0.87% | +2.25% | +11.23% |
| Change | -0.2464 | -0.1893 | -0.0421 | - | +0.0931 | +0.2412 | +1.2039 |
| Level | Minor | Intermediate | Intermediate | - | Major | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.4545 | 10.5605 | 10.6218 | 10.7278 | 10.7891 | 10.8951 | 10.9564 |
| Camarilla | 10.6371 | 10.6524 | 10.6678 | 10.6831 | 10.6984 | 10.7138 | 10.7291 |
| Woodie | 10.4322 | 10.5493 | 10.5995 | 10.7166 | 10.7668 | 10.8839 | 10.9341 |
| Fibonacci | 10.5605 | 10.6244 | 10.6639 | 10.7278 | 10.7917 | 10.8312 | 10.8951 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.0789 | 10.3110 | 10.4971 | 10.7292 | 10.9153 | 11.1474 | 11.3335 |
| Camarilla | 10.5681 | 10.6064 | 10.6448 | 10.6831 | 10.7214 | 10.7598 | 10.7981 |
| Woodie | 10.0558 | 10.2995 | 10.4740 | 10.7177 | 10.8922 | 11.1359 | 11.3104 |
| Fibonacci | 10.3110 | 10.4708 | 10.5695 | 10.7292 | 10.8890 | 10.9877 | 11.1474 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6474 | 8.1413 | 9.4908 | 10.9847 | 12.3342 | 13.8281 | 15.1776 |
| Camarilla | 10.0585 | 10.3191 | 10.5798 | 10.8404 | 11.1011 | 11.3617 | 11.6223 |
| Woodie | 6.5753 | 8.1052 | 9.4187 | 10.9486 | 12.2621 | 13.7920 | 15.1055 |
| Fibonacci | 8.1413 | 9.2275 | 9.8985 | 10.9847 | 12.0709 | 12.7419 | 13.8281 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 50.73 | |
| MACD (12,26,9): | -0.0009 | |
| Directional Movement: | 7.4714 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 10.7157 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.7819 | |
| Elder Ray (13): | 0.0123 | |
| Super Trend (3,10): | 10.7674 | |
| Zig ZAG (10): | 10.7197 | |
| VORTEX (21): | 1.0325 | |
| Stochastique (14,3,5): | 58.07 | |
| TEMA (21): | 10.7337 | |
| Williams %R (14): | -29.27 | |
| Chande Momentum Oscillator (20): | 0.0620 | |
| Repulse (5,40,3): | 0.2068 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0059 | |
| Courbe Coppock: | 1.01 |
| MA7: | 10.7076 | |
| MA20: | 10.7746 | |
| MA50: | 10.3635 | |
| MA100: | 9.8030 | |
| MAexp7: | 10.7280 | |
| MAexp20: | 10.7208 | |
| MAexp50: | 10.7367 | |
| MAexp100: | 10.7383 | |
| Price / MA7: | +0.12% | |
| Price / MA20: | -0.50% | |
| Price / MA50: | +3.44% | |
| Price / MA100: | +9.36% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -0.17% |
This member declared not having a position on this financial instrument or a related financial instrument.
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